China-Pakistan corridor going smoothly despite challenges: minister

Ahsan Iqbal Pakistan's Minister of Planning and Development poses for a portrait after an interview in Islamabad

Pakistan has been smoothly implementing an ambitious plan to build an economic corridor with China, despite experiencing some challenges, Planning Minister Ahsan Iqbal said on Wednesday.

China has promised $57 billion in investment in projects along the China-Pakistan Economic Corridor, part of its ambitious Belt and Road plan linking China with the Middle East and Europe.

Chinese President Xi Jinping proposed the Belt and Road project in 2013, but it is still short on specifics.

“We are smoothly implementing and we are very satisfied with the speed of the implementation,” Iqbal, the Islamabad lead on the project, told Reuters on the sidelines of the World Economic Forum in the Chinese city of Dalian.

In addition to the investment pledges from China, Pakistan would invest close to $10 billion, he said.

Reuters

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